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Ron Chalmers, edmontonjournal.com! a8 R% w4 v2 L- u# ]4 i: a, \9 E6 \
Published: Wednesday, April 04, 20078 z& S3 X( X$ g( N6 B& ^1 R& }
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Average house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.* H" ~: j4 ]1 h
5 k( P) f: i" Q8 ~7 S, \“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.0 R; Y: q5 d7 Q( s! g. C: P
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Edmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms.7 t2 @* B1 F$ Q, F# {% P
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In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.2 w$ g2 J# N" C7 e+ _, S
) g5 G! e, J F, M8 v4 p, V“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.
4 D% H5 o% e, ~6 }Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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